Sensata Technologies Holding plc (NYSE:ST) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. trimmed its stake in shares of Sensata Technologies Holding plc (NYSE:ST) by 72.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,030 shares of the scientific and technical instruments company’s stock after selling 10,374 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Sensata Technologies were worth $110,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Blue Trust Inc. boosted its stake in Sensata Technologies by 738.7% during the fourth quarter. Blue Trust Inc. now owns 931 shares of the scientific and technical instruments company’s stock valued at $26,000 after buying an additional 820 shares in the last quarter. Quarry LP boosted its holdings in Sensata Technologies by 61.2% during the third quarter. Quarry LP now owns 1,714 shares of the scientific and technical instruments company’s stock worth $61,000 after buying an additional 651 shares in the last quarter. Venturi Wealth Management LLC grew its position in Sensata Technologies by 67.6% in the fourth quarter. Venturi Wealth Management LLC now owns 2,026 shares of the scientific and technical instruments company’s stock worth $56,000 after buying an additional 817 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Sensata Technologies by 48.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,523 shares of the scientific and technical instruments company’s stock valued at $69,000 after buying an additional 820 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Sensata Technologies during the 4th quarter valued at $104,000. 99.42% of the stock is owned by institutional investors and hedge funds.

Sensata Technologies Stock Performance

Shares of ST stock opened at $27.82 on Wednesday. The firm has a market cap of $4.16 billion, a P/E ratio of 33.12, a PEG ratio of 1.25 and a beta of 1.20. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.85 and a quick ratio of 1.99. Sensata Technologies Holding plc has a fifty-two week low of $24.91 and a fifty-two week high of $43.14. The stock’s 50-day moving average is $27.93 and its two-hundred day moving average is $30.83.

Sensata Technologies (NYSE:ST) last issued its quarterly earnings data on Tuesday, February 11th. The scientific and technical instruments company reported $0.76 earnings per share for the quarter, meeting the consensus estimate of $0.76. Sensata Technologies had a net margin of 3.27% and a return on equity of 17.54%. Analysts predict that Sensata Technologies Holding plc will post 3.21 earnings per share for the current fiscal year.

Sensata Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend was Wednesday, February 12th. Sensata Technologies’s payout ratio is 57.14%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Evercore ISI decreased their target price on Sensata Technologies from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. The Goldman Sachs Group cut their price objective on Sensata Technologies from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. UBS Group reduced their price objective on shares of Sensata Technologies from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Finally, Oppenheimer dropped their target price on shares of Sensata Technologies from $44.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $39.08.

About Sensata Technologies

Sensata Technologies Holding plc develops, manufactures, and sells sensors and sensor-rich solutions, electrical protection components and systems, and other products used in mission-critical systems and applications in the United States and internationally. It operates in two segments, Performance Sensing and Sensing Solutions.